“There continues to be underlying demand for properties in strategic locations and this is well supported by the government’s Home Ownership Campaign, ” said acting group chief executive officer Datuk Wan Hashimi AlBakri Wan Ahmad Amin Jaffri(pic).
PETALING JAYA: Sime Darby Property Bhd
’s net profit jumped more than four-fold in the second quarter ended June 30 to RM205.3mil from RM46.6mil a year earlier, driven by higher property sales from its projects in Seremban, Ara Damansara, Nilai and Bukit Jelutong.
In a filing with Bursa Malaysia, the group also attributed the surge in profits to a one-off gain from a land sale in Kedah and a lower share of losses from the Battersea project in London and Sime Darby Sunrise joint ventures.
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